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World Bank Harnesses Innovative Technology to Offer Sustainable Development Bonds in Italy

Washington, DC, May 22, 2017 – The World Bank (International Bank for Reconstruction and
Development or IBRD, rated Aaa/AAA) has raised $20 million from Italian investors for activities that
reduce poverty and support development. This is the first time the World Bank has sold a U.S. dollar-
denominated Sustainable Development Bond through the electronic automated trading system of Borsa
Italiana, Italy’s stock exchange.

Proceeds of the bond will be used for development activities that advance the World Bank’s goals of
eradicating poverty and promoting shared prosperity. The bond is part of the World Bank’s strategic
effort to deepen its presence in the Italian capital markets: since 2015, the institution has raised the
equivalent of over $555 million from investors in Italy through Green Growth Bonds—green bonds
linked to an equity index— and Sustainable Development Bonds issued in a range of emerging market
currencies.

“We are always exploring innovative ways to raise funding for the World Bank’s goals of eradicating
poverty and boosting shared prosperity, while deepening our relationships with capital market
institutions and investors,”
said Arunma Oteh, World Bank Vice President and Treasurer. “As a
committed issuer in the Italian capital markets, we are delighted to leverage Borsa Italiana’s innovative
system to make it more convenient for investors to access World Bank Sustainable Development
Bonds.”


The 10-year callable bond pays an annual fixed coupon of 2.25%. At maturity, the bond will redeem at
100 percent of the nominal amount; starting from the fifth year and annually thereafter, the bonds can
be redeemed early at par by the issuer. All payments, including coupons and redemption at maturity,
will be made in U.S. dollars.

The bond is listed on Borsa Italiana’s MOT market—an electronic and completely automated trading
system that handles transactions from receiving orders to settlement. It is now tradable on the
secondary market.

BNP Paribas is the lead arranger for the bond.

Pietro Poletto, Head of Fixed Income Markets of London Stock Exchange Group said, “The World
Bank’s strategic decision to use Borsa Italiana’s innovative distribution channel shows that the decision
to use technology for the placement and trading of bonds was a winning choice. More and more
investors are seeking to address environmental, social and governance considerations in their
investment policies. Borsa Italiana offers an important tool to identify fixed income instruments that
finance projects that have development impact, aligning with the international best practices.”


The World Bank raises funds in the international capital markets to support the financing of
development activities that aim to reduce poverty and promote shared prosperity. Priority areas include
climate change, education, food security, healthcare, and infrastructure. World Bank Sustainable
Development Bonds offer investors an opportunity to align their investment strategies with activities that
seek to improve development outcomes.

For more information, visit http://treasury.worldbank.org or www.obbligazionisostenibili.org.

Summary terms (*)

Issuer:

World Bank  (International Bank for Reconstruction and Development, IBRD)

Issuer rating:

Aaa  / AAA

Specified currency:

United States Dollars (“USD”)

Offer price (minimum purchase amount):

100% of the specified denomination, i.e. USD 2,000

Issue date:

22 May 2017

Maturity date:

22 May 2027, subject to early redemption

Coupon rate (p.a.):

2.25% p.a.

Clearing systems:

Euroclear, Clearstream

Listing:

MOT, of Borsa Italiana

ISIN code:

XS1609294308

Joint lead managers:

BNP Paribas

________________________________________________________________________________
(*) Nothing in this document should be construed as a solicitation or offer, legal, tax or other advice, or
recommendation to engage in any transaction. The information in this document does not constitute a
recommendation of the instrument referred to. It merely provides information and is not intended to be
either a recommendation to acquire financial products or an offer or invitation to tender. Any offer of the
Sustainable Development Bond 05/2027 will solely take place on the basis of the Prospectus, the Final
Terms and related legal documentation. For a detailed description of the Terms and Conditions of the
Sustainable Development Bond 05/2027 and the related risks with regard to an investment in the Bond,
please see the relevant legal documentation available at www.obbligazionisostenibili.org.


About the World Bank

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA
(Moody’s/S&P), is an international organization created in 1944 and the original member of the World
Bank Group. It operates as a global development cooperative owned by 189 nations. It provides its
members with financing, expertise and coordination services so they can achieve equitable and
sustainable economic growth in their national economies and find effective solutions to pressing regional
and global economic and environmental problems. The World Bank has two main goals: to end extreme
poverty and promote shared prosperity. It seeks to achieve them primarily by providing loans, risk
management products, and expertise on development-related disciplines to its borrowing member
government clients in middle-income countries and other creditworthy countries, and by coordinating
responses to regional and global challenges. It has been issuing sustainable development bonds in the
international capital markets for over 60 years to fund its activities that achieve a positive impact.

Information on World Bank bonds for investors is available on the World Bank Treasury website:
www.worldbank.org/debtsecurities

For more information about World Bank Sustainable Development Bonds, see:
http://treasury.worldbank.org/cmd/htm/sustainable_investing.html

About BNP Paribas
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 75 countries,
with more than 189,000 employees, including more than 146,000 in Europe. The Group has key positions
in its three main activities: Domestic Markets and International Financial Services (whose retail-banking
networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional
Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps
all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional
clients) to realise their projects through solutions spanning financing, investment, savings and protection
insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and
BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated
retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the
western part of the United States. In its Corporate & Institutional Banking and International Financial
Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas
as well as a solid and fast-growing business in Asia-Pacific. For further information visit
www.bnpparibas.com



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